EX-99.31 33 doc32.txt

================================================================================ OPERATING REPORT ================================================================================ ================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 31 PAGE 2 OF 3 ================================================================================ 2. Aging of Accounts Payable and Accounts Receivable (exclude pre-petition accounts payable) :

3. Statement of Status of Payments to Secured Creditors and Lessors :

4. Tax Liability Gross Payroll Expenses for Period : $0.00 ---------------- Gross Sales for Period Subject to Sales Tax : $0.00 ----------------

5. Insurance Coverage

================================================================================ CHAPTER 11 TRUSTEE OPERATING REPORT NO : 31 PAGE 3 OF 3 ================================================================================ 6. Questions: A. Has the Trustee provided compensation to any officers, directors, shareholders, or other principals without the approval of the Office of the United States Trustee? : Yes Explain: --- ---------------------------------------- XX : No --- B. Has the Trustee subsequent to the filing of the petition, made any payments on its pre-petition unsecured debt, except as have been authorized by the Court? : Yes Explain: --- ---------------------------------------- XX : No --- 7. Statement of Unpaid Professional Fees (Post-Petition Amounts Only):

8. Narrative Reports of Significant Events and Events out of the Ordinary Course of Business: (Attach separate sheet if necessary) 9. Quarterly Fees: (This Fee must be paid to the United States Trustee every Calendar quarter)

I, James J. Joseph, Trustee, declare under penalty of perjury that the information contained in the above Trustee Operating Report is true and complete to the best of my knowledge. Note: The Trustee has obtained an order tom allocate among the administratively consolidated estates when court approved payments to professionals are made. Accrued fees for all estates are reflected on the Vision Capital Services operating report in that all cases are administratively consolidated under the Vision case number. Date: 8/29/01 /s/ James J Joseph ------------------- ------------------------------------- James J. Joseph, Trustee Performance Asset Management Fund III, Ltd. James J. Joseph, Trustee 2029 Century Park East 3rd Floor Los Angeles, CA 90067 Chapter 11 Case No. SA 98-27101 Operating Report # 31 From : 07/01/01 To : 07/31/01

================================================================================ Page 1 of 1 OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA ================================================================================ IN RE: TRUSTEE INTERIM STATEMENT PERFORMANCE ASSET MGMT STATEMENT NUMBER: 031 FUND III, LTD FOR THE PERIOD FROM: 070101 JAMES J. JOSEPH, TO: 073101 CHAPTER 11 TRUSTEE ----------------------- CASE NO. SA 98-27101 RA =======================

I. (1) Operating Account : (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-393 (2) 30-Day C.D. (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number #426-560-001 (3) Money Market Account (a) Wells Fargo, 1661 No. Raymond, Anaheim, CA 92801 (b) Account Number 6704-559038 (4) Money Market Account (a) Imperial Bank, 9757 Wilshire Blvd., Beverly Hills, CA 90212 (b) Account Number: 14-088-652 BOND: $17,500,000.00 BANKRUPTCY JUDGE : HON. ROBERT W. ALBERTS I, James J. Joseph, declare under penalty of perjury that the information contained in the above Interim Statement is true and complete to the best of my knowledge. Dated: 8/29/01 Signed: /s/ James J. Joseph ---------------------------- ---------------------------------------------- James J. Joseph, Trustee ================================================================================

PERFORMANCE ASSET MANAGEMENT FUND III LTD 8-K